Over the years, the endoscopy equipment market, which comprises endoscopes and visualization equipment, has witnessed various technological advancements. These advancements have led to a growth in the number of application areas of endoscopic equipment. Endoscopy devices are used in laparoscopy, arthroscopy, bronchoscopy, gastrointestinal endoscopy, urology, gynecology, and neuroendoscopy, among others.

The endoscopes segment is the fastest-growing segment of the endoscopy market. The increasing number of endoscopic procedures is likely to propel the growth of this market. Capsule endoscopes are a major advancement in the field of endoscopes and are rapidly replacing gastrointestinal (GI) videoscopes. Capsule endoscopy is anticipated to be a revolutionary technique, which will enhance the approach of diagnosing and evaluating small bowel diseases. Apart from being a painless procedure, capsule endoscopy has become the preferred
choice for patients, as it allows patients to continue their normal day-to-day activities while the procedure is being performed.

Visualization systems play a vital role as they enable surgeons to observe body cavities and organs/canals. These systems have applications in most endoscopic procedures as well as in all types of video-assisted procedures, such as general endoscopic, laparoscopic, bariatric, thoracic, and anterior/posterior spinal procedures. Over the years, visualization systems have also witnessed a growing number of technological advancements. For instance, endoscopy cameras have evolved from single-chip cameras to HD cameras and further to 3D cameras, thereby improving image and video quality. Thus, the growing market for visualization systems is likely to boost the endoscopy market.

In the coming years, the growth of the endoscopy market is likely to be centered at China, India, Japan, Australia, and New Zealand. These countries offer an array of opportunities for growth and are likely to serve as new revenue pockets for the endoscopy market. All these countries offer high growth potential as compared to mature markets such as the U.S. and Europe. Factors such as the growth in the aging and chronically ill population, the increasing number of private sector hospitals, advancements in endoscopic technology, and expansion in rural healthcare facilities play a pivotal role in propelling the demand for endoscopy in the Asian region. China and India will be the focal points for growth of endoscopy in the Asian market. Furthermore, the endoscopy market in Japan will witness a significant growth in demand for capsule endoscopes due large number of indications being covered under as reimbursements for capsule endoscopy. RoW includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace due to increased reimbursement coverage, government healthcare spending, as well awareness levels of patients regarding minimally invasive surgeries.

The global endoscopy equipment market witnesses high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (innovations, acquisitions, and geographic expansions related to endoscopy products) to increase their market share and to establish a strong foothold in the global market. However, the high cost of endoscopic systems and the need for skilled professionals to operate these highly sophisticated endoscopy systems are factors that are limiting the use of advanced endoscopy instruments.

The report extensively covers endoscopy instruments (products and applications). A volume analysis of the market has also been provided by considering the average prices of instruments across geographies and years.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (Market Penetration, Product Development/Innovation, Market Development, Market Diversification, and Competitive Assessment) for strengthening their market share.

The report provides insights on the following pointers:

- Market Penetration: Comprehensive information on product portfolios and services offered by the top 20 players in the endoscopy equipment market. The report analyzes endoscopes, visualization systems, and other instruments and accessories across geographies

- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the endoscopy equipment market

- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various endoscopy equipment across geographies

- Competitive Assessment: In-depth assessment of market share, strategies, products and services, distribution networks, and manufacturing capabilities of leading players in the endoscopy equipment market
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“The global endoscopy equipment market was estimated at $28.2 billion in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018.”

7 Endoscopy Equipment Market: Geographic Analysis7.1 Introduction7.2 North America7.2.1 Favorable Reimbursement Environment Likely to Drive the U.S. Endoscopy Market7.2.2 Rise in the Incidence of Colon Cancer7.2.3 Physician Bonuses Likely to Drive Laparoscopic Surgeries in Canada7.3 Europe7.3.1 Rapid Rise in Endoscopy Procedures in Europe7.3.2 Bowel Scope Screening is Expected to Have A Positive Impact on the Endoscopy Market in the U.K.7.3.3 Aging Population in Europe7.3.4 Rise in Incidences of Colon Cancer7.3.5 High Prices Likely to offset the Demand For Endoscopes in Europe7.4 Asia7.4.1 Government Investments Likely to Propel the Endoscopy Market in China7.4.2 Increasing Number of Endoscopic Surgeries & Improving Endoscopy Infrastructure Set to Propel the Indian Endoscopy Market7.4.3 Foray of Prominent Players in the Asian Market7.4.4 New Training Centers For Endoscopists in Asia7.4.5 Endoscopy Research Support in Japan7.5 ROW7.5.1 Increasing Focus on Middle Eastern Countries By Key Industry Players7.5.2 Endoscopy Training Workshops and Investments in Australia7.5.3 Government Initiatives in New Zealand (Nz)7.5.4 Increased Demand in Middle Eastern Countries

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Endoscopy systems have a huge market demand across the globe owing to their wide application areas as well as their flexibility in terms of specification of instruments, which fits in with the various requirements of different procedures. The market has seen an extraordinary amount of technological advancements and breakthroughs in the last few years, as companies have focused on developing products that are capable of reducing pain, curtailing the number of sick days, and reducing the overall cost of the treatment. The global endoscopy equipment market was estimated at $28.2 billion in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018.

This report categorizes the global endoscopy equipment market into four segments, namely, endoscopes, visualization equipment, other instruments, and accessories. The endoscopes market commanded the largest share of 28.2% of the global market in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1%. The market for endoscopes is segmented into rigid endoscopes, flexible endoscopes, surgical endoscopes, and capsule endoscopes. The surgical endoscopes market accounted for the largest share of the endoscopes market in 2013, growing at a CAGR of 28.2% to reach $37.9 billion by 2018. However, the capsule endoscopes segment is slated to grow at the highest CAGR of 6.1% from 2013 to 2018 due to increased reimbursement coverage, technological advancements, and increased patient preference.

The market for visualization equipment is segmented into endoscopy cameras, video processors, video convertors, camera heads, light sources, wireless displays and monitors, transmitters and receivers, and others. The wireless displays and monitors segment is the fastest-growing segment of the visualization systems market, growing at an estimated CAGR of 6.1% from 2013 to 2018, to reach $37.9 million by 2018. The market for other instruments is broadly segmented into electronic and mechanical instruments. The electronic endoscopy instruments market accounted for the largest share of the other endoscopy instruments market, by segment, at an estimated $28.2 million in 2013. This segment is expected to reach $37.9 million by 2018 at a CAGR of 6.1% from 2013 to 2018. The endoscopic accessories market includes carts/trolleys, cleaning brushes, overtubes, fluid flushing devices, and biopsy valves. The carts market accounted for the largest share of the mechanical endoscopy instruments market, by segment, at an estimated $28.2 million in 2013. This segment is expected to reach $37.9 million by 2018, at a CAGR of 6.1% from 2013 to 2018.

Over the years, the demand for endoscopy has increased significantly because of the growing preference for minimally invasive surgical procedures. Apart from being minimally invasive, endoscopic procedures are also cost effective in terms of pre- and post-operation care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of endoscopy are expected to drive the global market in the coming years. These technological developments have resulted in several improvisations, including increased angles in the field of view in endoscopes, incorporation of high-resolution technologies such as 3D systems, capsule endoscopes, and miniaturized endoscopy systems. The other factors that are driving the growth of the global endoscopy equipment market include the favorable reimbursement scenario in select geographies, growing aging population, and increasing prevalence/incidence of diseases that require endoscopy procedures.

Note: Product cover images may vary from those shown

“The global endoscopy equipment market was estimated at $28.2 billion in 2013 and is expected to reach $37.9 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018.”

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